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Friday, August 23, 2019

Keppel Reit - Stock calls

Date Analyst Company Last Target Call Valuation
01/22/19 DBS Vickers Keppel Reit 1.18 1.31 Buy DCF
01/22/19 CIMB Keppel Reit 1.18 1.34 Add DDM
01/22/19 DMG & Partners Keppel Reit 1.18 1.06 Neutral DDM
01/28/19 UOB Kay Hian Keppel Reit 1.18 1.35 Buy
03/07/19 UOB Kay Hian Keppel Reit 1.28 1.35 Buy DDM
03/18/19 DMG & Partners Keppel Reit 1.23 1.06 Neutral
04/01/19 UOB Kay Hian Keppel Reit 1.29 1.35 Buy DDM
04/18/19 DMG & Partners Keppel Reit 1.24 1.12 Neutral DDM
04/18/19 DBS Vickers Keppel Reit 1.24 1.38 Buy DCF
04/18/19 Lim & Tan Keppel Reit 1.24 0 Hold
04/24/19 UOB Kay Hian Keppel Reit 1.21 1.37 Buy DDM
04/24/19 DBS Vickers Keppel Reit 1.21 1.4 Buy DCF
04/25/19 CIMB Keppel Reit 1.23 1.34 Add DDM
05/30/19 UOB Kay Hian Keppel Reit 1.21 1.37 Buy
07/04/19 DMG & Partners Keppel Reit 1.28 1.12 Neutral
07/16/19 CIMB Keppel Reit 1.26 1.41 Add DDM
07/16/19 DMG & Partners Keppel Reit 1.26 1.2 Neutral DDM
07/16/19 UOB Kay Hian Keppel Reit 1.26 1.37 Buy
07/16/19 DBS Vickers Keppel Reit 1.26 1.45 Buy DCF
07/16/19 Lim & Tan Keppel Reit 1.26 0 Hold
08/06/19 DBS Vickers Keppel Reit 1.2 1.45 Buy

Keppel KBS - Stock calls

Date Analyst Company Last Target Call Valuation
01/02/19 DBS Vickers Keppel KBS 0.61 0.78 Buy DCF
01/28/19 DBS Vickers Keppel KBS 0.68 0.8 Buy DCF
04/03/19 DBS Vickers Keppel KBS 0.705 0.8 Buy
06/06/19 DBS Vickers Keppel KBS 0.74 0.8 Buy
06/17/19 DBS Vickers Keppel KBS 0.75 0.9 Buy DCF
07/12/19 DMG & Partners Keppel KBS 0.79 0.88 Buy DDM
07/18/19 DBS Vickers Keppel KBS 0.82 0.9 Buy

Keppel Infrastructure - Stock calls

Date Analyst Company Last Target Call Valuation
01/23/19 DBS Vickers Keppel Infrastructure 0.515 0.58 Buy DDM
03/15/19 Lim & Tan Keppel Infrastructure 0.485 0 Hold
04/16/19 DBS Vickers Keppel Infrastructure 0.48 0.58 Buy DDM
07/16/19 DBS Vickers Keppel Infrastructure 0.505 0.58 Buy DDM

Stock calls for 23 August 2019

Date Analyst Company Last Target Call Valuation
08/23/19 DMG & Partners DBS 24.59 28.3 Neutral
08/23/19 phillip Golden Energy 0.188 0.19 Neutral PER10x
08/23/19 DBS Vickers Manulife US Reit 0.895 1.1 Buy DCF
08/23/19 DMG & Partners Sheng Siong 1.16 1.32 Buy

Thursday, August 22, 2019

Keppel DC Reit - Stock calls

Date Analyst Company Last Target Call Valuation
01/04/19 Phillip Keppel DC Reit 1.36 1.45 Accumulate
01/23/19 Phillip Keppel DC Reit 1.44 1.52 Accumulate DDM
01/23/19 CIMB Keppel DC Reit 1.44 1.51 Add DDM
01/23/19 OCBC Keppel DC Reit 1.44 1.6 Buy
01/23/19 DBS Vickers Keppel DC Reit 1.44 1.6 Buy DCF
02/15/19 Phillip Keppel DC Reit 1.45 1.52 Accumulate
03/12/19 OCBC Keppel DC Reit 1.44 1.6 Buy
04/08/19 Amfrasers Keppel DC Reit 1.47 1.62 Buy DDM
04/09/19 CIMB Keppel DC Reit 1.48 1.54 Add DDM
04/16/19 OCBC Keppel DC Reit 1.49 1.64 Buy
04/16/19 Lim & Tan Keppel DC Reit 1.49 0 Hold
04/18/19 Phillip Keppel DC Reit 1.49 1.59 Accumulate DDM, PB1.37x FY19
05/02/19 Amfrasers Keppel DC Reit 1.51 1.62 Buy
06/19/19 Phillip Keppel DC Reit 1.64 1.59 Accumulate
07/10/19 CIMB Keppel DC Reit 1.67 1.54 Add
07/17/19 OCBC Keppel DC Reit 1.71 1.93 Buy
07/17/19 DBS Vickers Keppel DC Reit 1.71 1.9 Buy DCF
07/18/19 Phillip Keppel DC Reit 1.73 1.71 Hold DDM
07/18/19 CIMB Keppel DC Reit 1.73 1.67 Hold DDM
07/23/19 Amfrasers Keppel DC Reit 1.75 1.71 Neutral
07/26/19 OCBC Keppel DC Reit 1.71 1.93 Hold

Keppel Corp - Stock calls

Date Analyst Company Last Target Call Valuation
01/04/19 OCBC Keppel Corp 5.81 7.25 Buy Sum of parts
01/10/19 DIR Keppel Corp 6.18 7.15 Buy Cut from $7.86, Sum of parts
01/23/19 CIMB Keppel Corp 6.17 8.28 Add
01/25/19 OCBC Keppel Corp 6.13 7.55 Buy
01/25/19 CIMB Keppel Corp 6.13 8.41 Add Sum of parts
01/28/19 Lim & Tan Keppel Corp 6.2 0 Hold
01/29/19 Amfrasers Keppel Corp 6.14 7.5 Hold
01/29/19 Macquarie Keppel Corp 6.14 8.2 Outperform Sum of parts
02/21/19 CIMB Keppel Corp 6.32 8.41 Add Sum of parts
03/12/19 Lim & Tan Keppel Corp 6.1 0 Hold
03/26/19 CIMB Keppel Corp 6.17 8.41 Add
04/15/19 CIMB Keppel Corp 6.62 8.41 Add Sum of parts
04/22/19 OCBC Keppel Corp 6.74 7.83 Buy
04/22/19 Lim & Tan Keppel Corp 6.74 0 Hold
05/08/19 CIMB Keppel Corp 6.72 8.41 Add Sum of parts
06/10/19 DMG & Partners Keppel Corp 6.05 7.33 Buy Sum of parts, Cut from $7.92
06/21/19 DBS Vickers Keppel Corp 6.57 9 Buy
06/28/19 CIMB Keppel Corp 6.67 8.41 Add Sum of parts
07/03/19 DBS Vickers Keppel Corp 6.77 9.2 Buy
07/03/19 OCBC Keppel Corp 6.77 7.83 Buy
07/19/19 DMG & Partners Keppel Corp 6.59 7.3 Buy Sum of parts
07/19/19 CIMB Keppel Corp 6.59 8.41 Add Sum of parts
07/19/19 UOB Kay Hian Keppel Corp 6.59 7.61 Buy Sum of parts
07/19/19 Lim & Tan Keppel Corp 6.59 0 Hold
07/22/19 Amfrasers Keppel Corp 6.57 7.43 Neutral Sum of parts
07/22/19 DBS Vickers Keppel Corp 6.57 8.5 Buy Sum of parts
08/22/19 Lim & Tan Keppel Corp 5.9 0 Buy

Jumbo - Stock calls

Date Analyst Company Last Target Call Valuation
02/15/19 DBS Vickers Jumbo 0.415 0.44 Hold PER23x FY19
02/15/19 CIMB Jumbo 0.415 0.52 Add PER21x FY20
02/18/19 UOB Kay Hian Jumbo 0.415 0.41 Hold Buy @ $0.37
03/14/19 UOB Kay Hian Jumbo 0.405 0.41 Hold PER20x FY19, Buy @ $0.37
03/29/19 DBS Vickers Jumbo 0.395 0.5 Buy PER23x FY19/20
05/16/19 DBS Vickers Jumbo 0.405 0.51 Buy PER23x FY19
05/16/19 UOB Kay Hian Jumbo 0.405 0.41 Hold PER20x FY19, Buy @ $0.32
05/16/19 CIMB Jumbo 0.405 0.52 Add PER21x FY20
06/21/19 DMG & Partners Jumbo 0.38 0.47 Buy DCF, PER23x FY19
08/07/19 DBS Vickers Jumbo 0.38 0.47 Buy PER23x FY20
08/08/19 DMG & Partners Jumbo 0.375 0.47 Buy DCF
08/08/19 UOB Kay Hian Jumbo 0.375 0.37 Hold

Stock calls for 22 August 2019

Date Analyst Company Last Target Call Valuation
08/22/19 DIR Capitaland 3.5 4.1 Buy RNAV (20% discount)
08/22/19 CIMB Frasers Centrepoint Trust 2.68 2.79 Add
08/22/19 CIMB Frencken 0.73 0.95 Add
08/22/19 Amfrasers Frencken 0.73 0.81 Neutral PER10x FY20
08/22/19 DMG & Partners Japan Foods 0.435 0.4 Neutral Sum of parts
08/22/19 Lim & Tan Keppel Corp 5.9 0 Buy
08/22/19 CIMB Mapletree Commercial 2.08 2.24 Add
08/22/19 Phillip Thai Beverage 0.925 0.83 Neutral Sum of parts
08/22/19 CIMB Wilmar 3.81 4.58 Add
08/22/19 Kim Eng Wilmar 3.81 3.89 Hold

Hong Kong workers are forced to take unpaid leaves now.

https://sg.finance.yahoo.com/news/hong-kong-hotel-workers-paying-020839342.html

We stated that Hongkongers would be the ones paying a huge price in our previous post.  It is already happening now in the HK hotel industry because workers are being forced to take unpaid leaves due to poor businesses.

https://sg-stock.blogspot.com/2019/08/why-did-us-and-taiwan-engineer-hong.html

This economic slowdown will spread to other sectors because China has decided to transfer its "love" for the long lost child (HK) to Shenzhen.

https://sg-stock.blogspot.com/2019/08/omg-china-has-displaced-hong-kong-with.html


Germany flopped in its negative yield bond sales.

https://finance.yahoo.com/news/germany-sees-anemic-demand-30-100930717.html

The 30y Germany bonds were severely undersubscribed and this denoted that the investors were rejecting the negative yield bonds.  We did state that the current world was not built for a negative yield environment.  The world is in a conundrum now.

http://sg-stock.blogspot.com/2019/08/a-new-world-unchartered-territory.html

When the governments cannot raise funds for economic developments in a negative yield environment, they'll have to raise interest rates to attract investors to buy their bonds but the economic situation doesn't allow interest rates to be raised.

When the strongest economy, Germany, cannot raise enough funds, the other weaker European economies cannot raise funds too.  Therefore, the EU is badly in need of cheap funding and will need TLTRO urgently in September.

http://sg-stock.blogspot.com/2019/03/what-is-targeted-longer-term.html

Why is Renminbi (RMB) depreciating again?

The RMB or CNY is depreciating again because of the imposition of China new loan prime rate (LPR).

https://www.reuters.com/article/us-china-economy-rates-explainer/explainer-how-chinas-new-interest-rate-reforms-will-work-idUSKCN1V90Q8

China is facing tremendous pressure to stimulate its decelerating economy but it doesn't want to reduce its official bank interest rates because this will disrupt its property industry.  Therefore, it has come up with a new LPR which is based on MLF to be used as the benchmark for commercial loans (SMEs) and the LPR is lower than the current lending rate.

Like I said before, the money will flow from a low-interest rate country to a high-interest rate country.  Consequently, there is lesser demand for RMB after the LPR and this causes RMB to depreciate.


Huawei had repented and given my parents 4 $100 e-vouchers as compensations.




I've just bought 4 Huawei Y6 Pro for my parents and another 2 elders with the 4 $100 e-vouchers given by Huawei.  How did I get the e-vouchers? Well, I emailed to Huawei to complain about its bad promotion behaviour and also give it the greatest piece of my mind.

I would like to compliment Huawei for the generosity given.

My life philosophy is simple: If you treat me good, I will treat you better.  If you treat me bad, I will treat you worse.

I lambasted Huawei previously for its bad behaviour.

http://sg-stock.blogspot.com/2019/07/huawei-deceived-elderly-singaporeans.html

Now, I will compliment Huawei for its generosity to compensate my parents.  Well done and keep up the good work!

Wednesday, August 21, 2019

Jardine C&C - Stock calls

Date Analyst Company Last Target Call Valuation
01/04/19 DBS Vickers Jardine C&C 35.28 43.1 Buy
05/02/19 DBS Vickers Jardine C&C 35.52 39.1 Buy Sum of parts (16% discount)

Japfa - Stock calls

Date Analyst Company Last Target Call Valuation
01/29/19 CIMB Japfa 0.82 0.9 Add Sum of parts
01/30/19 Kim Eng Japfa 0.81 0.99 Buy
03/01/19 CIMB Japfa 0.765 0.9 Add Sum of parts
03/05/19 UOB Kay Hian Japfa 0.705 0.98 Buy Sum of parts, PER10.7x FY19
03/05/19 DBS Vickers Japfa 0.705 0.8 Buy Sum of parts (15% discount), PER11.4x FY19
03/14/19 CIMB Japfa 0.715 0.63 Reduce Sum of parts
03/21/19 Kim Eng Japfa 0.65 1.05 Buy Sum of parts
04/02/19 Kim Eng Japfa 0.665 1.05 Buy
05/03/19 UOB Kay Hian Japfa 0.605 0.73 Buy Sum of parts
05/03/19 DBS Vickers Japfa 0.605 0.61 Hold Sum of parts (10% discount), PER14x FY19
05/27/19 Kim Eng Japfa 0.575 0.93 Buy Sum of parts
07/31/19 UOB Kay Hian Japfa 0.515 0.48 Hold Sum of parts, Buy @ $0.42
08/01/19 Kim Eng Japfa 0.51 0.73 Buy Sum of parts
08/05/19 DBS Vickers Japfa 0.5 0.53 Hold Sum of parts (10% discount), PER12.5x FY19

Japan Foods - Stock calls

Date Analyst Code Company Last Target Call Percent Valuation
02/12/19 Amfrasers 5OI Japan Foods 0.415 0.57 Hold 37.35 DCF
03/08/19 DMG & Partners 5OI Japan Foods 0.43 0.45 Neutral 4.65
04/05/19 DMG & Partners 5OI Japan Foods 0.435 0.45 Neutral 3.45
05/22/19 Amfrasers 5OI Japan Foods 0.44 0.55 Neutral 25.00 DCF
05/23/19 DMG & Partners 5OI Japan Foods 0.44 0.4 Hold -9.09
06/06/19 DMG & Partners 5OI Japan Foods 0.43 0.4 Neutral -6.98

Stock calls for 21 August 2019

Date Analyst Company Last Target Call Valuation
08/21/19 Citibank ESR-Reit 0.51 0.57 Buy
08/21/19 UOB Kay Hian First Resources 1.5 1.6 Hold
08/21/19 CIMB Frasers Logistics 1.2 1.27 Add
08/21/19 Kim Eng HMI 0.720 0.73 Hold offer at $0.73
08/21/19 CIMB OCBC 10.69 12.53 Hold

A new world, an unchartered territory – A negative yield environment - Part 2

https://finance.yahoo.com/news/danish-bank-start-charging-wealthy-112125179.html

The banks are starting to cave into the negative yield environment because their profit margins are shrinking.  The banks have problems making good earnings in a negative yield world because our current financial and economic structures are not built for this.

https://sg-stock.blogspot.com/2019/08/a-new-world-unchartered-territory.html

Tuesday, August 20, 2019

Jadason - Stock calls

Date Analyst Company Last Target Call Valuation
01/02/19 CIMB Jadason 0.02 0.066 Add
05/13/19 CIMB Jadason 0.038 0.059 Add PB1x CY19

ISOTeam - Stock calls

Date Analyst Company Last Target Call Valuation
02/18/19 DMG & Partners ISOTeam 0.22 0.23 Neutral DCF
05/15/19 DMG & Partners ISOTeam 0.22 0.29 Buy DCF
06/06/19 DMG & Partners ISOTeam 0.23 0.29 Buy
07/11/19 UOB Kay Hian ISOTeam 0.245 0.3 Buy PER12.4x FY20
07/25/19 DMG & Partners ISOTeam 0.245 0.31 Buy DCF
07/25/19 UOB Kay Hian ISOTeam 0.245 0.34 Buy PER12.4x FY20

ISDN - Stock calls

Date Analyst Company Last Target Call Valuation
05/23/19 CIMB ISDN 0.215 0.32 Add PER10x CY20
07/01/19 CIMB ISDN 0.235 0.32 Add
08/19/19 CIMB ISDN 0.192 0.27 Add

Stock calls for 20 August 2019

Date Analyst Company Last Target Call Valuation
08/20/19 CIMB Capitaland 3.46 4.15 Add RNAV (35% discount)
08/20/19 DMG & Partners GSS Energy 0.074 0.08 Neutral DCF
08/20/19 Lim & Tan HMI 0.720 0.73 Accept offer offer at $0.73
08/20/19 DMG & Partners Hyphens Pharma 0.2 0.25 Buy DCF
08/20/19 Kim Eng MM2 Asia 0.186 0.2 Hold PEG
08/20/19 DMG & Partners Moya Asia 0.068 0.083 Buy DCF
08/20/19 DMG & Partners OCBC 10.71 11.5 Neutral GGM, PB1.07x FY20
08/20/19 CIMB UOB 25.15 29.54 Add

Thank god! Singapore doesn't need to sell heavily subsidized treated water to JB soon.

https://sg.news.yahoo.com/malaysian-minister-says-johor-to-not-be-dependent-on-singapore-for-treated-water-by-2022-010113972.html

Yeah! SG doesn't need to sell heavily subsidized treated water to JB soon....in 2022!

Malaysia has been taking advantage of SG by buying back treated water cheaply for too long.

Just look at Malaysia's announcement without stating the local water treatment cost per 1000 gallons.  The Malaysian's government is trying to mislead the general public that SG is overcharging MY without stating the true water treatment cost.  The water treatment cost is way higher than $0.50 ringgit per 1000 gallons and it is estimated to be $2.40 ringgit per 1000 gallons (Singapore's treatment cost).

Malaysians should ask their government to come clean with the true water treatment cost but Mahathir won't reveal it.

Water is a strategic supply and should not be held hostage by a foreign country.  Even if the local water treatment cost is higher, the country should produce it locally.  SG is doing that and MY should follow too.  However, by accusing a foreign country of selling the overpriced treated water when instead it is buying the treated water at a heavily subsidized price is a thuggish behaviour.

Nonetheless, SG is happy that this unfair water trade will terminate soon. Cheers!

Cathy Pacific suspends ticket sales at HK airport.

https://news.cgtn.com/news/2019-08-19/Cathay-Pacific-suspends-tickets-sales-at-counters-at-HK-airport-JhI69AzAkg/index.html

It looks like China is coming down hard on Cathy Pacific.

Cathy Pacific Ceo has rushed to China to try to pacify CAAC so that it can resume its normal flight activities.

It was indeed a flight risk when Cathy Pacific supported its employees to join the HK protests because China couldn't guarantee that Cathy Pacific employees won't do foolish things when the airliner was flying in and out of China airspace since they were emotionally disturbed.

Monday, August 19, 2019

Innotek - Stock calls

Date Analyst Company Last Target Call Valuation
08/14/19 Lim & Tan Innotek 0.5 0 Buy on weakness

Indofood Agri - Stock calls

Date Analyst Company Last Target Call Valuation
03/01/19 DBS Vickers Indofood Agri 0.2 0.19 Hold DCF
04/12/19 DBS Vickers Indofood Agri 0.28 0.19 Accept offer offer price $0.28
05/02/19 DBS Vickers Indofood Agri 0.28 0.19 Accept offer offer price $0.28
07/16/19 DBS Vickers Indofood Agri 0.325 0.33 Hold
08/05/19 DBS Vickers Indofood Agri 0.32 0.29 Hold DCF

IHH Healthcare - Stock calls

Date Analyst Company Last Target Call Valuation
01/17/19 Kim Eng IHH Healthcare 1.86 2.13 Buy Sum of parts, Ringgit $6.45 target price
03/01/19 Kim Eng IHH Healthcare 1.85 2.29 Buy Sum of parts, Ringgit $6.90 target
05/31/19 UOB Kay Hian IHH Healthcare 1.79 2.07 Buy Ringgit $6.30 target price, PER32.8x FY2020
06/12/19 CIMB IHH Healthcare 1.84 2.09 Add Ringgit $6.37 target price
07/31/19 Kim Eng IHH Healthcare 1.88 2.16 Buy Sum of parts, Ringgit $6.50 target price

Stock calls for 19 August 2019

Date Analyst Company Last Target Call Valuation
08/19/19 Phillip APTV 0.17 0.165 Neutral EV/Ebitda9.5x
08/19/19 Phillip Capitaland 3.4 4.2 Buy PB0.75x FY19
08/19/19 Lim & Tan City Developments 9.16 0 Buy
08/19/19 phillip CNMC 0.3 0.33 Accumulate DCF
08/19/19 OCBC Golden Agri 0.29 0.27 Sell
08/19/19 CIMB Grand Venture 0.22 0.22 Hold
08/19/19 CIMB ISDN 0.192 0.27 Add
08/19/19 Kim Eng Manulife US Reit 0.89 1 Buy DDM
08/19/19 UOB Kay Hian Overseas Edu 0.285 0.46 Buy
08/19/19 phillip Propnex 0.5 0.59 Buy
08/19/19 Amfrasers Thai Beverage 0.885 0.8 Neutral

Omg! China has displaced Hong Kong with ShenZhen in the greater bay development.

https://www.businesstimes.com.sg/technology/china-to-boost-shenzhen%E2%80%99s-role-in-greater-bay-area-innovation

The HK protestors have just killed their own future and they must be celebrating their "success" now.

China has decided to displace HK with Shenzhen in the greater bay developments with many favourable economic and preferential policies.  HK will lose its importance over time and its economic developments will slow down over time too.

These Hongkongers will need to travel to Shenzhen to find work in the future because HK cannot generate enough job opportunities for these 1.7m protestors in the future with weak economic growth.  HK has fallen from its financial hub pedestal and will never rise back to its glorious heyday again.

RIP, HK!

Is HSBC on China's unreliable entity list?

https://www.businesstimes.com.sg/banking-finance/hsbc-gets-the-cold-shoulder-in-china

It looks like HSBC is veering towards China's unreliable entity list because it has been excluded from the new loan participation.

HSBC has to do a lot of crisis management and damage control now because China is its major market.  By setting up Huawei and letting HSBC account to be used to fund the HK protests, HSBC has proven itself to be anti-China and all these behaviours have to be corrected before China will trust HSBC again.

Trump: No trade deal before HK problems are solved.

https://sg.finance.yahoo.com/news/usd-flat-trump-wants-hong-004100531.html

Look like there is no need for the US and China to meet in September anymore.  It is impossible to solve the HK problems without China's interventions.  The HK chief executive is incapable to solve the HK problems on her own or with her current team.

Look like Trump is compelling Xi to intervene in HK issues or else there won't be any US-China trade deal.  Trump doesn't want China to honour the 1 country 2 systems structure but China wants to honour it by remaining on the sideline.  Therefore, Xi won't intervene unless there is a violent riot or terrorism action in HK.  This is not what Trump wants and Trump won't deal with China as stated.


A billion dollar question: Will the US enter a recession?

https://sg.finance.yahoo.com/news/economists-survey-34-expect-us-040446403.html

2% of economists expect a US recession in 2019.
38% of economists expect a US recession in 2020.
34% of economists expect a US recession in 2021.

Mohammad El Erian doesn't expect a US recession.
Janet Yellen doesn't expect a US recession.

https://www.cnbc.com/2019/08/15/mohamed-el-erian-inverted-yield-curve-recession-signal-distorted.html

https://www.cnbc.com/2019/08/14/janet-yellen-say-yield-curve-inversion-may-be-false-recession-signal-this-time.html

What's our stance?

https://sg-stock.blogspot.com/2019/08/does-us-2-10y-inverted-yield-curve.html

We also expect a US recession and is most probably happening after Q1 2020.

Let's see who will be right.

Is the seawall able to protect Singapore from getting submerged?

https://www.straitstimes.com/singapore/national-day-rally-2019-100-billion-needed-to-protect-singapore-against-rising-sea-levels

SG is setting aside $100B for some major anti-submersion construction.

Is the seawall capable to protect a region from getting submerged?

Building a seawall is a double-edged sword.  If it can prevent the seawater from flowing inland in the worst-case weather scenario (severe storm), it is effective.  However, if the seawater cannot block out the seawater in the most severe storm, it will trap the seawater inland and the seawater cannot recede fast.

A seawall is not an unequivocal and panacea solution.  We should take a leaf out of Indonesia's book.  The Indonesian president has just announced he is shifting the Jakarta Capital to Kalimantan in the future despite having some major anti-submersion construction including the seawall.

https://www.channelnewsasia.com/news/asia/indonesia-jakarta-flooding-great-sea-wall-11662564

Why is the Jakarta capital moving despite the construction?  This shows that the seawall is not really effective as it proclaimed to be because it is a double-edged solution.

Bangkok is also in the same situation as Jakarta and the Thailand government is also planning to move its Bangkok capital to the north in the future.

Why do these capitals have to move at all if the seawall can block the seawater out?  The answer is crystal clear.

Many analysts don't understand economics at all. - Part 2

https://finance.yahoo.com/news/plunging-yields-insatiable-appetite-likely-to-deter-china-from-selling-treasuries-135134871.html

Many analysts are starting to back-peddle or retreat from their previous common analysis that China would unload its US treasuries to punish the US.

We had stated previously that China won't do that.  Please read our post below to understand the true rationale and logic behind the US treasuries selloff by China.

http://sg-stock.blogspot.com/2019/08/many-analysts-dont-understand-economics.html

Although the analysts had changed their common stance after they realized they were standing on shaky grounds, they had the rationale and logic wrong.

It is a shame that the universities are producing analysts that cannot analyze properly nowadays.  Many people don't truly understand what they're studying.......Sigh!